Wells Fargo Maintains Equal-Weight on Lithia Motors, Raises Price Target to $343
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Lithia Motors (NYSE:LAD) and raises the price target from $299 to $343.
October 24, 2024 | 2:51 pm
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Wells Fargo has maintained its Equal-Weight rating on Lithia Motors while increasing the price target from $299 to $343, indicating a positive outlook.
The increase in the price target from $299 to $343 by Wells Fargo suggests a positive outlook for Lithia Motors, which could lead to a short-term increase in stock price. The maintenance of an Equal-Weight rating indicates a balanced view, but the raised target price is a bullish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100